Man buys preowned Tesla Model S with 91.4 bitcoins - Polidicks

[IMG]https://pbs.twimg.com/media/Baqu9XjCIAAijxZ.jpg[/IMG][URL="http://www.dailydot.com/business/bitcoin-tesla-model-s-car/"]http://www.dailydot.com/business/bitcoin-tesla-model-s-car/[/URL][QUOTE]If future historians ever attempt to identify the moment we knew we were headed for the Nerd Singularity, they'll look at this as a benchmark. Someone just bought a Tesla Model S with Bitcoin. To reiterate: someone used the digital, pseudonymous cryptocurrency that's skyrocketed in value the past year to buy a revolutionary, electric car founded by the Internet's favorite real-life Tony Stark and named after its favorite scientist. No cash was involved. Nick Jones of Lamborghini Newport Beac told the Daily Dot the car sold for 91.4 Bitcoins, which the buyer delivered via payment service Bitpay. "Lamborghini Newport Beach is proud to announce that we are fully capable of accepting Bitcoin as legal tender for vehicles," the dealership proclaimed on its blog Wednesday. "We are excited to opening the door to this new currency." It even tweeted a picture of the car in question.[/QUOTE]

Which one will crash first?

According to a random bitcoin market value calculator I just found that could totally be inaccurate, that's about 114 thousand dollars currently

That's pretty historic for bitcoins isnt it?

How do they handle taxes with bitcoins? Just not at all or what?

[QUOTE=Elspin;43096500]According to a random bitcoin market value calculator I just found that could totally be inaccurate, that's about 114 thousand dollars currently[/QUOTE] Person got screwed if that's the case.

[QUOTE=Elspin;43096500]According to a random bitcoin market value calculator I just found that could totally be inaccurate, that's about 114 thousand dollars currently[/QUOTE] Bitcoin is $775/USD right now, so it would be $70835 [QUOTE=Del91;43096543]The guy bought the car a couple days ago.[/QUOTE] If so, that's pretty lucky of him to buy it before the crash

The guy bought the car a couple days ago.

[QUOTE=gaboer;43096527]Bitcoin is $775/USD right now, so it would be $70835 If so, that's pretty lucky of him to buy it before the crash[/QUOTE] My bad, I entered something wrong in my calculator, that's right. $71658 is the actual number that it calculates out to right now on the live feed

I [B][I]deeply regret[/I][/B] for not starting mining bitcoins when they were worthless.

[QUOTE=cartman300;43096607]I [B][I]deeply regret[/I][/B] for not starting mining bitcoins when they were worthless.[/QUOTE] don't. hindsight is 20/20 and really btc seems like a bad investment to most people for good reasons.

[QUOTE]"Lamborghini Newport Beach is proud to announce that we are fully capable of accepting Bitcoin as legal tender for vehicles[/QUOTE] This honestly sounds like a bad idea. Still, its good to see the currency getting more legitimacy or whatever.

[QUOTE=Rangergxi;43096657]This honestly sounds like a bad idea. Still, its good to see the currency getting more legitimacy or whatever.[/QUOTE] btc will never be a legitimate currency because it will never have the stability a legitimate currency needs. it's a good starting point, but a new currency needs to be developed that acts more like a currency and less like some sort of half-baked stock. [editline]7th December 2013[/editline] the problem lies in how to restrict the currency without a central bank or government. btc tried to do this with the algorithm used to generate btc and limiting the amount that could be in circulation. however, that doesn't work as intended because it creates massive inflation as demand rises while the supply stays pretty much the same.

you know a currency is great when a person making a legitimate purchase with it is a big deal

[QUOTE=cartman300;43096607]I [B][I]deeply regret[/I][/B] for not starting mining bitcoins when they were worthless.[/QUOTE] In every bitcoin thread. But yeah it's depressing how these 100 btc could have been mined in a day back then.

[QUOTE=MisterMooth;43099022]you know a currency is great when a person making a legitimate purchase with it is a big deal[/QUOTE] Pizzas and Teslas, what else you need?

[QUOTE=cartman300;43096607]I [B][I]deeply regret[/I][/B] for not starting mining bitcoins when they were worthless.[/QUOTE] Coulda woulda shoulda, nobody could have predicted how much the value increases, if you deeply regret not cashing in on every single opportunity to make significant money from an investment, then you'll just spend your whole life in regret

[QUOTE=yawmwen;43096674]btc will never be a legitimate currency because it will never have the stability a legitimate currency needs. it's a good starting point, but a new currency needs to be developed that acts more like a currency and less like some sort of half-baked stock. [editline]7th December 2013[/editline] the problem lies in how to restrict the currency without a central bank or government. btc tried to do this with the algorithm used to generate btc and limiting the amount that could be in circulation. however, that doesn't work as intended because it creates massive inflation as demand rises while the supply stays pretty much the same.[/QUOTE] I still like the fact there are no banks involved. Also it has been said, currency has value only when people trust in it. The more bitcoins will be trusted, more value they will have. Also bitcoin has crashed many times and it recovered back.

All you people regretting not mining back in the day, how do you think those of us who mined and cashed out at a few dollars feel?

[url]http://facepunch.com/showthread.php?t=1331487[/url] Just in time!

[QUOTE=OvB;43096523]Person got screwed if that's the case.[/QUOTE] other guy got a good deal because bitcoins are hip and cool I should hop on litecoins once they become popular and rip off people with it but yeah he could have got a new one for that price if he wasn't using funnymoney